Staying Cool in a Falling Stock Market...

May 19, 2016 by

  The market is falling, is it time to panic? Of course not!   Why not freak out you ask?  The stocks are now on sale!  Since we invest for the long haul and not quick gains, short down turns in the market should not scare us.  On average the stock market will return about 7% in the long run.  This means that there will be years where it will return much less, and others will it return much more.  These fluctuations are a natural part of investing, and also important things to think about when  selecting your asset allocation.  The down dips in the market even have some nice benefits that may not seem obvious at first. To understand why you should be excited when the stock market is falling, you should consider what...

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Reaching Financial Freedom

May 17, 2016 by

The Secret to Financial Freedom Define What Freedom Means to You What’s the first step in discovering the secret to financial freedom?  First you need to think about what financial freedom means to you. For some people reaching financial freedom may mean paying off all their student loans. For others it may be saving enough money to retire comfortably. While for some it could mean amassing enough money that you only go to work because you enjoying coming into the office. What ever the definition is for you, it’s important to establish the goal. Quantify the Goal After you have decided what financial freedom means to you, it’s time to set a goal. An important tip to keep in mind when setting a goal is that it should be quantifiable.  For example, maybe your goal is to...

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Finance 101: 401(k) vs. IRA

May 15, 2016 by

What’s the difference between a 401(k) and an IRA? This can be a point of confusion for many beginning investors.  Although both 401(k)s and IRAs are retirement investment vehicles, they are not the same thing.  Let’s breakdown the differences. What’s a 401(k)? A 401(k) is a retirement investment account that is setup by your employer.  What’s nice about it is that you pick a specific percentage of your salary that you want to go directly into your investment account. Once you establish the percentage, your contributions are now on auto pilot.  This is great because you can set it and forget it. Another perk of these accounts is that sometimes employers will match a certain percentage of your contributions to your 401(k).  For example, your company may match your contribution up to the first 4% of what you put in.  If you are unsure if your company has this matching...

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Easy Way to Make Money Online

May 14, 2016 by

Do you ever wish you could make money online? How about making money online while just surfing the web? Now you can!  Search engines such as Bing have programs that allow you to make money just by using their services – no strings attached.  Granted it’s not very much money, but why not take advantage?  The program through Bing is called “Bing Rewards”. You may be wondering why Bing would pay you just to use their search engine.  My best guess is that since Google dominates search engine traffic, Bing is doing its best to try and chip away at Google’s dominance. Either way, the first step to taking advantage of this free money is to create a Bing Rewards account. If you’re interested in signing up, check out the link (here).  Once you...

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Finance 101: Investment Fees

May 9, 2016 by

Impact of Investment Fees You may be asking yourself what the big deal is about investment fees. The truth is, investment fees are a BIG DEAL.  Our opinion is that the greatest predictor in personal portfolio performance is investment fees. An investment fee of 1% may seem like pocket change, but could lead to thousands (if not hundreds of thousands) of dollars lost! Funds that charge high fees will only be worth the cost if they can beat the market year in and year out.  The chances of even the smartest fund managers doing this is practically zero.  For instance, take a fund manager that charges 1%.  If the manager is unable to beat the market by 1% every year, their fees are a waste of money.  The best strategy for everyday investors like us is...

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4 Easy Ways to Save Money Online...

May 4, 2016 by

Online Shopping Life-Hacks 1. Ebates This is a great website to check out when you know you have to buy something online. Ebates literally gives you cash back on your purchases. You can earn up to 40% cash back on some purchases!  Ebates sends you cash back every quarter after you make your purchases.  This is something to definitely keep in mind if you have some online shopping to do. 2. RetailMeNot First rule of online shopping? Don’t talk about online shopping. Second rule? Never pay full price (or at least try no to).  Online stores are constantly having promotions and sales, but they may not always advertise it on their home page.  One source I always check before submitting payment is retailmenot.com. You simply type in the store at which you are about to make...

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